š $UTK /USDT TECHNICAL ANALYSIS
The current price of UTK/USDT is 0.10472, showing a slight decrease of -0.40%. The price has experienced a significant increase of +18.14% in the last 24 hours. The 24-hour high is 0.11150, and the 24-hour low is 0.08654. The trading volume for UTK is 404.18M, and for USDT, it is 40.72M.
TRADE SETUP
Long Entry š
- Entry Point: 0.10400
- Explanation: Entering a long position at this level could be beneficial if the price continues its upward trend, targeting 0.11200. A stop loss at 0.10200 will help manage potential losses.
- Target Price (TP): 0.11200
- Stop Loss (SL): 0.10200
Short Entry š
- Entry Point: 0.10400
- Explanation: Entering a short position at this level might yield gains if the price reverses and heads towards 0.09800. A stop loss at 0.10600 will manage the risk.
- Target Price (TP): 0.09800
- Stop Loss (SL): 0.10600
RISK MANAGEMENT & INDICATOR PREDICTION
- Risk Management: Ensure to use a proper risk-reward ratio of at least 1:2. Adjust position size according to risk tolerance.
- Indicator Prediction: The chart shows a potential bullish trend with a possible upward movement indicated by the blue arrow. However, be cautious of the support zone around 0.10400.
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This analysis should help with your trading decisions! If you need any further insights or have any questions, feel free to ask.